What may happen to India's economy if crude oil stays at $150/barrel for just 3 months?

India's economic growth could slow to 5.7% in FY27 if oil jumps to $150/barrel for just one quarter, marking the country's weakest post-pandemic growth rate, Morgan Stanley said. Retail inflation could rise above RBI's 6% upper tolerance band, and the current account deficit could hit 3% of GDP. This would be characterised by weaker production, softer consumption and reduced exports.